Very exciting. I bookmarked this, and am passing it around to my "green"
homies.
On Mon, Oct 6, 2008 at 1:50 PM, William Bowen <[EMAIL PROTECTED]>wrote:
> ....is going to develop Biomass power plants.
>
> Renewables: AREVA, Duke Energy to Jointly Develop Biomass Power Plants
> in the United States
>
> NEW YORK, Sept. 24, 2008 AREVA and Duke Energy announced today the
> formation of ADAGE, an innovative joint venture dedicated to the
> development of green biopower energy solutions for U.S. electricity
> customers.
>
> ADAGE will facilitate the development of biopower plants that will use
> wood waste to produce electricity. According to the agreement, AREVA
> will design and build biomass power plants. Duke Energy Generation
> Services (DEGS), a commercial power business unit of Duke Energy that
> owns and develops renewable energy, will manage operations. For each
> project, ADAGE also will negotiate power purchase agreements and fuel
> contracts, and secure suitable sites. Hence, ADAGE will provide
> customers a fully integrated solution.
>
> ADAGE is the first biopower ("biomass to electricity") partnership in
> the United States between major energy companies.
>
> "AREVA is strongly committed to renewables as part of its strategy to
> provide its customers with innovative, environmentally friendly
> sources of energy. AREVA has extensive experience in the biomass
> sector, having designed and built more than 100 biopower facilities in
> Europe, Asia and South America with capacity of more than 2,500
> megawatts. We are delighted to partner with Duke Energy, which has a
> growing portfolio of renewable assets throughout the U.S. market, and
> tremendous experience in operating power plants." said AREVA CEO Anne
> Lauvergeon.
>
> "This project comes at exactly the right time as Americans face
> soaring energy prices and look to meet rising electricity demand with
> green energy sources. The ADAGE biopower facilities will respond to
> our nation's need for new baseload energy alternatives," said Duke
> Energy CEO Jim Rogers.
>
> Biopower has great potential. Federal and state environmental agencies
> consider biopower carbon neutral, a significant advantage over
> traditional power facilities.
>
> The impact of biopower facilities on our economy is just as important;
> these facilities will create hundreds of new, green-collar jobs. In
> addition, the utilization of biomass as an abundant domestic resource
> reduces America's reliance on imported fuels.
>
> "Based on the strengths and experiences of Duke Energy and AREVA,
> ADAGE is well positioned to win a significant portion of the rapidly
> expanding U.S. biomass market," said Reed Wills, President of ADAGE.
> "Biomass provides an alternative baseload power source for states
> concerned with CO2 emissions. We are committed to partnering with fuel
> suppliers, power companies and state and local communities to develop
> mutually beneficial projects."
>
> The U.S. Energy Information Administration (EIA) estimates the total
> installed capacity of wood biomass power generation to be 6,000
> megawatts. EIA and several energy consulting firms predict that this
> figure may double over the next 10 years.
>
> ADAGE will be headquartered in Chadds Ford, Pa. near Philadelphia. To
> find out more, visit www.adagebiopower.com.
>
> The environmental commitments outlined in the ADAGE strategic plan
> were featured at the Clinton Global Initiative 2008 Annual Meeting in
> New York.
>
> More about
> AREVA
> As the leading U.S. nuclear vendor and a key player in the electricity
> transmission and distribution sector, AREVA Inc.'s 5,300 U.S. energy
> employees are committed to serving the nation and paving the way for
> the future of the electricity market. With 45 locations across the
> nation and nearly $2 billion in energy revenues in 2007, AREVA Inc.,
> through its subsidiaries, combines U.S. leadership, access to
> worldwide expertise and a proven track record of performance. In the
> U.S. and in more than 100 countries around the world, AREVA is engaged
> in the 21st century's greatest challenges: making energy available to
> all, protecting the planet, and acting responsibly toward future
> generations. AREVA Inc. is headquartered in Bethesda, Maryland. Visit
> us at: us.areva.com.
>
> Duke Energy
> Duke Energy, one of the largest electric power companies in the United
> States, supplies and delivers electricity to approximately 4 million
> U.S. customers in its regulated jurisdictions. The company has
> approximately 35,000 megawatts of electric generating capacity in the
> Midwest and the Carolinas, and natural gas distribution services in
> Ohio and Kentucky. In addition, Duke Energy has more than 4,000
> megawatts of electric generation in Latin America, and is a joint
> venture partner in a U.S. real estate company. Headquartered in
> Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the
> New York Stock Exchange under the symbol DUK. More information about
> the company is available
> on the Internet at: www.duke-energy.com.
>
> --
> will
>
> "If my life weren't funny, it would just be true;
> and that would just be unacceptable."
> - Carrie Fisher
>
>
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